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Presidential candidate of the Social Democratic Party, SDP, Adewole Adebayo, has warned that the price of petrol could rise to N5,000 per litre if President Bola Tinubu secures a second term in office. Adebayo made the prediction in a statement issued by his campaign’s Chief Communications Adviser, Mark Adebayo, on Wednesday. He attributed the projected increase to the Federal Government’s deregulation of the downstream petroleum sector and the floating of the naira. According to him, Nigeria’s dependence on imported petrol, which is priced in US dollars, means that further weakening of the naira could significantly increase the cost of fuel.…

Minister of the Federal Capital Territory, FCT, Nyesom Wike, has disclosed that he never promised President Bola Tinubu that he would join the All Progressives Congress, APC. Wike explained that he only promised to support Tinubu’s reelection bid. The minister, who spoke on Arise Television’s Prime Time show, on Tuesday night, said, “I told them I would support the President right from the start. “I never told Mr. President I will join APC. Go and ask him. If I want to join APC, it’s not people like Hope who will tell me to join APC. Recommended “In fact, he is lucky I’m…

Africa’s richest man, Aliko Dangote, has revealed that he used all his assets as collateral and gave a personal guarantee to secure the initial $3.7bn loan for his refinery and fertiliser projects. Dangote made the disclosure during an exclusive interview with Arise News, describing the investment as the biggest risk he had taken in almost 50 years in business. When asked about the biggest risk of his entrepreneurial career, he immediately pointed to the refinery and fertiliser projects. “The biggest decision was the risk of the refinery and fertiliser,” he said. Recommended Dangote explained that financing the projects required him…

The Corporate Affairs Commission, CAC has revealed plans to expose the real owners behind Nigerian companies. Hussaini Ishaq Magaji, Registrar-General of the CAC, made the disclosure at an engagement with journalists on Tuesday in Abuja. According to him, there are legal owners of Nigerian companies and real individuals behind the corporate structure. He said there is an urgent need for the public to know the real human beings behind corporate entities under its beneficial ownership disclosure framework. Recommended He added that the move would help track illicit financial inflows within the country’s corporate ecosystem. “In simple terms, there may be a legal…

Two newly deployed Mobile Police officers have been killed in an ambush while escorting the Divisional Police Officer, DPO, of Ayilamo Police Division back to the community in Logo Local Government Area of Benue State. The officers, who were recently deployed to Ayilamo, came under attack at about 6 p.m. on Monday, September 14, while accompanying the DPO on his return journey from Makurdi. The latest incident brings the number of police officers killed in Ayilamo to six within four days. DAILY POST recalls that four Mobile Police officers were earlier killed on Thursday, September 10, when suspected armed attackers…

Five teams have booked their spots in the Carabao Cup fourth round. This follows the completion of third-round ties on Tuesday night. Arsenal beat Ipswich Town 4-2 at Portman Road. Max Dowman stole the show with two goals on his first appearance this season, as Noni Madueke and Mikel Merino also scored. Recommended Mehmeti and Chuba Akpom scored consolation goals for Ipswich. Dominik Szobozslai’s stunning effort sealed a 3-1 win for Liverpool over Tottenham Hotspur, while Fulham edged a 3-2 victory over West Ham. In the other games, Brentford beat Reading 2-1 and Peterborough needed penalties to eliminate Barnsley after…

A combined team of operatives of the Edo State Police Command, local hunters and other security agencies have apprehended three suspected kidnappers in the state. The operatives also rescued three kidnapped victims, while one still remains in captivity. DAILY POST reports that the Public Relations Officer of the Command, ASP Eno Ikoedem, who disclosed this to newsmen in Benin City, said the victims were abducted by gunmen in Ekpoma town, Esan West Local Government Area, and whisked into Illeh forest. Ikoedem gave the names of the three rescued victims as Olaefe Ehimen, Taiye Ibrahim and Mrs Ehimen. Recommended She said…

Governor Ahmadu Fintiri has given his nod to a proposal by former Nigerian international footballer, Nwankwo Kanu, to hold a football tournament in Adamawa State. Fintiri offered his support on Tuesday at the Government House in Yola when he received a proposal from Kanu and his team. The team proposed to organise a Governor’s Cup tournament, with a trophy to be competed for by teams from across the 21 local government areas of the state. The governor, noting that any administration that fails to develop its youths through sports risks being left behind, said the proposed tournament would provide young people with…

The Nigeria Union of Journalists, NUJ, Ekiti State Council, has declared a sustained war against quack journalists and individuals impersonating professional newsmen in the state. The council said the ongoing anti-quackery campaign was aimed at sanitising the media industry, protecting the integrity of journalism and preventing members of the public from falling victim to individuals who use the identity and insignia of the union to perpetrate crimes. The state NUJ Chairman, Comrade Kayode Babatuyi, stated this in Ado-Ekiti during an anti-quackery exercise in Ekiti, saying the union had identified a growing trend in which individuals with smartphones and access to…

The Minister of the Federal Capital Territory and former governor of Rivers State, Nyesom Wike, has once again tackled the Imo State Governor, Hope Uzodinma following controversy over Rainbow Coalition’s alliances. In what appeared to be a direct jibe at Uzodinma, Wike, in a statement by his spokesperson, Lere Olayinka, said Nigeria’s politics had gone beyond becoming governor from the fourth position. Recall that governors elected under the All Progressives Congress, APC had tackled Wike’s Rainbow Coalition. The governors made their positions known following a meeting chaired by Uzodinma, where they indirectly distanced themselves from Wike’s Rainbow Coalition. Recommended The…